(a)
Completion of mineral conveyances— Not later than 60 days after the date of enactment of this Act, in a single transaction—
(1)
as authorized by section 9(b) of Bureau of Land Management Lease MTM–97988 dated June 1, 2012, the Secretary shall accept the relinquishment of that Lease;
(2)
the Hope Family Trust shall convey to the Tribe all right, title, and interest in and to the mineral interests in the Hope Family Tracts; and
(3)
the Secretary shall convey to the Hope Family Trust all right, title, and interest of the United States in and to the mineral interests and surface land in the Bull Mountains Tracts.
(b)
Trust status— On the request of the Tribe, the mineral interests conveyed to the Tribe under subsection (a)(2) shall be held in trust by the United States for the benefit of the Tribe.
(c)
No State taxation— The mineral interests conveyed to the Tribe under subsection (a)(2) shall not be subject to taxation by the State (including any political subdivision of the State).
(d)
Revenue sharing agreement— The Tribe shall notify the Secretary, in writing, that the Tribe and the Hope Family Trust have agreed on a formula for sharing revenue from development of the mineral interests described in subsection (a)(2) if those mineral interests are developed at a later date.